B. Riley Financial, Inc. (NASDAQ:RILY) Q3 2023 Earnings Call Transcript

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I believe we are going to make a lot of money for our shareholders and Franchise Group, just like we did in the first investment when we bought a big chunk of Liberty Tax at eight and just like we did in Badcock, and we will continue to do so. So I want to answer that question, and we’ll go back to closing the call. And by the way, I just want to again, shout out to everybody that’s a partner with us. Many of our shareholders that invested in our initial deal at five are still shareholders, and we appreciate your partnership. Our — the people that we work with, our partners are sort — they’re the best out there, and I am so excited about how we’re going to create value over the next year with a little bit of dislocation out there. So, thank you, operator, and we look forward to next quarter.

End of Q&A:

Operator: Thank you. Before we conclude today’s call, I will provide B. Riley’s financial safe harbor statement, which includes important cautions regarding forward-looking statements made during this call. Statements made during this call that are not descriptions of historical facts are forward-looking statements that are based on management’s current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today’s date.

Such forward-looking statements include, but are not limited to, statements regarding our excitement and the expected growth of our business segments. Factors that could cause such actual results to differ materially from those contemplated or implied by such forward-looking statements include, without limitation, the risks described from time to time in B. Riley Financial, Inc.’s periodic filings with the SEC, including, without limitation, the risks described in B. Riley Financial, Inc.’s annual report on Form 10-K for the year ended December 31, 2022, under the captions Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations as applicable. Additional information will be set forth in B. Riley Financial’s quarterly report on Form 10-Q for the quarter ended September 30, 2023.

These factors should be considered carefully, and participants are cautioned not to place undue reliance on such forward-looking statements. All information is current as of today’s call, and B. Riley Financial undertakes no duty to update this information. Thank you for joining us today for B. Riley Financial’s Third Quarter 2023 Earnings Conference Call. You may now disconnect.

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